Pepe, Stacks | Crypto Gainers and Losers | June 24, 2023
From Pepe to Stacks. From Bittorrent to Kucoin. Check out this week’s top crypto gainers and losers.
In this article, we will be looking at the top five gainers and losers of the week, providing a brief description of each cryptocurrency and its performance. All data is accurate as of June 24, 2023, on Coingecko.
The Big News:
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Top 5 Crypto Gainers of the Week
Pepe (PEPE)
What is it: A deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.
PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.
- Current price: $0.00000155
- Price change in the past 7 days: +74.4%
- Market cap: $608,345,780
- Trading volume: $481,665,096
Latest News: Pepe Crypto Hits Major Milestone with 125k+ On-Chain HoldersÂ
Stacks (STX)
What is it: The native coin of Stacks, a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
- Current price: $0.790185
- Price change in the past 7 days: +49.4%
- Market cap: $1,111,792,258
- Trading volume: $80,158,231
Latest News: Stacks (STX) surges as Bitcoin NFT hype grows, but its blockchain activity raises concernÂ
Conflux (CFX)
What is it: The native token of Conflux, a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and web3 infrastructure by being more scalable, decentralized, and secure than existing protocols.
- Current price: $0.261984
- Price change in the past 7 days: +43.4%
- Trading volume: $136,938,214
Latest News: ‘Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders
Centrifuge (CFG)
What is it: The governance token of Centrifuge, a decentralized asset financing protocol. It connects decentralized finance (DeFi) with real-world assets (RWA) while trying to lower the cost of capital for small and mid-size enterprises (SMEs) and provide investors with a stable source of income.
The main goal of the project is to generate profits that are not tied to volatile crypto assets; the developers are pursuing the task of transferring real monetary value from fiat to cryptocurrencies.
- Current price: $0.246068
- Price change in the past 7 days: +42.1%
- Market cap:$88,960,781
- Trading volume: $706,131
Latest News: Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid DebtÂ
Wrapped Centrifuge (WCFG)
What is it: The wrapped version of WCFG.
- Current price: $0.245006
- Price change in the past 7 days: +41.7%
- Market cap: $26,272,999
- Trading volume: $297,967
Latest News: Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid DebtÂ
Top 5 Crypto Losers of the Week
TomoChain (TOMO)
What is it: The utility token of TomoChain, a project that attempts to improve the scalability of the Ethereum (ETH) blockchain. This is primarily done via increasing its transactions per second (TPS) capacity.
- Current price: $1.24
- Price change in the past 7 days: -17.5%
- Market cap: $125,765,271
- Trading volume: $12,696,037
Latest News: TomoChain Announces Partnership With AEXÂ
tomiNET (TOMI)
What is it: The in-chain currency of tomi, a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for web3.
- Current price: $4.46
- Price change in the past 7 Days: -13.4%
- Market cap: $291,164,447Â
- Trading volume: $26,907,539
Latest News: tomi Announces The First Privacy Stablecoin With Its Upcoming Privacy LayerÂ
Coinweb (CWEB)
What is it: The governance token of Coinweb, a cross-chain computation platform that aims to deliver true interoperability for real-world usage. To achieve this, the project is already working with and actively approaching traditional businesses with mass customer bases to collaborate with.
- Current price: $0.02644286
- Price change in the past 7 Days: -8.8%
- Market cap: $44,364,013
- Trading volume: $366,445
Latest News: Coinweb.com Launches the Most Comprehensive Comparison Platform in the Cryptocurrency SectorÂ
KuCoin (KCS)
What is it: The native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets.
- Current price: $6.67
- Price change in the past 7 Days: -7.4%
- Market cap: $575,732,330
- Trading volume: $1,373,140
Latest News: KuCoin sees $20 million outflow in 24 hours traders speculate the exchange is next after BinanceÂ
BitTorrent (BTT)
What is it: The native token of BitTorrent, a popular peer-to-peer (P2P) file-sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.
- Current price: $0.000000473772
- Price change in the past 7 Days: -7.2%
- Market cap: $452,293,614
- Trading volume: $13,788,351
Latest News: Justin Sun says TRON and BitTorrent are exploring zkEVMÂ
This article is published on BitPinas: PEPE, Stacks | Crypto Gainers and Losers | June 24, 2023
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.
